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Nonprofit · EIN 54-1785583

SMITHFIELD-PRESTON FOUNDATION

Tax-exempt · BLACKSBURG, VA 24062

Financials

$302K$307K2023$363K$355K2024
Revenue Expenses · by fiscal year end
Financials of SMITHFIELD-PRESTON FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$362,947$355,261$7,686$3,312,307$6,223$3,306,084
June 30, 2024990$302,252$307,101-$4,849$3,302,889$3,540$3,299,349
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$219,996
of which government grants
$21,057
Program service revenue
$8,941
Investment income
$83,372
Net rental income
$25,080
Net income from sales of inventory
-$6,401
Other revenue
$50,638

Expenses

Grants and similar amounts paid
$550
Compensation of officers, directors and key employees
$86,000
Other salaries and wages
$51,732
Salaries, compensation and benefits (total)
$148,210
Professional fundraising fees
$0
Travel
$1,799
Depreciation
$66,643
Program services (functional)
$259,154
Management and general (functional)
$74,966
Fundraising (functional)
$21,141

Balance sheet and other

Total assets, start of year
$3,302,889
Total assets, end of year
$3,312,307
Total liabilities, end of year
$6,223
Net assets, end of year
$3,306,084
Land, buildings and equipment
$2,237,326
Publicly traded securities
$781,737
Net assets without donor restrictions
$3,123,433
Net assets with donor restrictions
$182,651
Gross receipts
$380,885
Employees
2
Volunteers
120
Year formed
2000
State of legal domicile
VA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
Michael HudsonExecutive Dir.
Trustee or director
45$86,000
Marjorie McraeTrustee
Trustee or director
5$0
Dr Elizabeth RobertsonTrustee
Trustee or director
5$0
Laura WedinTrustee
Trustee or director
5$0
Jeffery MitchellTrustee
Trustee or director
5$0
Margaret Preston FanneyPresident
Trustee or director
15$0
Dr Kerry Moseley-HobbsVice President
Trustee or director
5$0
Miiram Preston DavieSecretary
Trustee or director
5$0
Lisa DavisTrustee
Trustee or director
5$0
Dr Jennifer HartTrustee
Trustee or director
5$0
Frank AkersTrustee
Trustee or director
5$0
Dr Dan ThorpTrustee
Trustee or director
5$0
Julie Tollison McMichaelTreasurer
Trustee or director
5$0
William DoughertyTrustee
Trustee or director
5$0
Robert FanneyTrustee
Trustee or director
5$0
4 more people on this return
NameTitleHours / weekCompensation
Dr Phyllis CaveTrustee
Trustee or director
5$0
Ann Stuart CassellTrustee
Trustee or director
5$0
Breyon FractionTrustee
Trustee or director
5$0
John TiltonTrustee
Trustee or director
5$0
990 for the year ended June 30, 2024: 21 people
NameTitleHours / weekCompensation
Michael HudsonExecutive Dir.
Trustee or director
45$81,912
Marjorie McraeTrustee
Trustee or director
20$0
Elizabeth RobertsonTrustee
Trustee or director
10$0
Paul QuigleyTrustee
Trustee or director
10$0
Laura WedinTrustee
Trustee or director
50$0
Larry LinkousTrustee
Trustee or director
10$0
Jeffery MitchellTrustee
Trustee or director
5$0
Margaret Preston FanneyTrustee
Trustee or director
100$0
Ann Stuart CassellTrustee
Trustee or director
5$0
Kerry Moseley-HobbsTrustee
Trustee or director
10$0
Miram Preston DavieTrustee
Trustee or director
10$0
Lisa DavisTrustee
Trustee or director
1$0
Jennifer HartTrustee
Trustee or director
10$0
Frank AkersTrustee
Trustee or director
1$0
Breyon FractionTrustee
Trustee or director
1$0
Dan ThorpTrustee
Trustee or director
10$0
Julie McMichaelTrustee
Trustee or director
10$0
William DoughertyTrustee
Trustee or director
10$0
Robert FanneyTrustee
Trustee or director
1$0
Phyllis CaveTrustee
Trustee or director
10$0
Nathalie GilfoyleTrustee
Trustee or director
10$0

Address and contacts

Address (IRS master file)
PO BOX 11531, BLACKSBURG, VA 24062-1531
Principal officer (990 for 2024)
Michael Hudson, PO Box 11531, Blacksburg, VA 24062
Signed the 990
Michael Hudson, Executive Director
Phone
(540) 231-3947
Return prepared by
Graybeal Tax & Accounting LLC

Mission

Preservation and interpretation of historic property

990 for the year ended June 30, 2025

Program accomplishments

  • Preserving and interpreting the heritage of the region using historic properties
    Expenses $259,154 · grants $21,057 · revenue $219,996

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
54-1785583
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1996
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,312,307
Income (IRS master file)
$380,885

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$362,947$355,261$3,312,307XML
990June 2024$302,252$307,101$3,302,889XML
990June 2023$133,861$336,690$3,312,598IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1785583).

Questions about SMITHFIELD-PRESTON FOUNDATION

What is the EIN of SMITHFIELD-PRESTON FOUNDATION?
The employer identification number (EIN) of SMITHFIELD-PRESTON FOUNDATION is 54-1785583.
Is SMITHFIELD-PRESTON FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to SMITHFIELD-PRESTON FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SMITHFIELD-PRESTON FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SMITHFIELD-PRESTON FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SMITHFIELD-PRESTON FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of SMITHFIELD-PRESTON FOUNDATION?
The 990 for the year ended June 30, 2025 names Michael Hudson.
Who are the officers and directors of SMITHFIELD-PRESTON FOUNDATION?
The 990 for the year ended June 30, 2025 lists 19 people; 1 received compensation from the organization, the highest $86,000 (Michael Hudson, Executive Dir.).
How much revenue does SMITHFIELD-PRESTON FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $362,947, expenses of $355,261 and total assets of $3,312,307 at year end.

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